SALE OF GOODS ACT, 1930

may, subject to the provisions hereinafter contained, bid at the auction,
(4) Where the sale is not notified to be subject to a right to bid on behalf of the seller, it shall
not be lawful for the seller to bid himself or to employ any person to bid at such sale, or for
the auctioneer knowingly to take any bid from the seller or any such person, and any such
person, and any sale contravening this rule may be treated as fraudulent by the buyer.
(5) The sale may be notified to be subject to a reserved or upset price.
COMMERCIAL & INDUSTRIAL LAWS
SALE OF GOODS ACT, 1930
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(6) If the seller makes use of pretended bidding to raise the price, the sale is voidable at the
option of the buyer.
TO SUM UP
(1) Nothing in this Act or in any repeal affected thereby shall affect or be deemed to affect.
(a) Any right, title, interest, obligations or liability already acquired, accrued or in curred
before the commencement of this Act, or
(b) Any legal proceedings or remedy in respect of any such right, title, interest, obligation
or liability, or
(c) Anything done or suffered before the commencement of this Act, or
(d) Any enactment relating to the sale of goods which is not expressly repealed by this
Act, or
(e) Any rule of law not inconsistent with this Act.
(2) The rules of insolvency relating to contracts for the sale of goods shall continue to apply
thereto, notwithstanding anything contained in this Act.
(3) The provisions of this Act relating to contracts of sale do not apply to any transaction in
the form of a contract of sale which is intended to operate by way of mortgage, pledge,
charge or other security.